iShares Exponential Technologies ETF (NASDAQ:XT) Sees Strong Trading Volume – Still a Buy?

Shares of iShares Exponential Technologies ETF (NASDAQ:XT) saw unusually-strong trading volume on Thursday . Approximately 1,960,773 shares were traded during mid-day trading, an increase of 1,971% from the previous session’s volume of 94,684 shares.The stock last traded at $77.96 and had previously closed at $78.69.

iShares Exponential Technologies ETF Price Performance

The company has a fifty day moving average of $71.51 and a 200 day moving average of $72.27. The firm has a market capitalization of $3.99 billion, a P/E ratio of 26.41 and a beta of 1.12.

Institutional Trading of iShares Exponential Technologies ETF

Several institutional investors have recently added to or reduced their stakes in XT. Morgan Stanley boosted its holdings in iShares Exponential Technologies ETF by 523.0% in the fourth quarter. Morgan Stanley now owns 1,512,452 shares of the company’s stock valued at $105,478,000 after acquiring an additional 1,269,670 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in iShares Exponential Technologies ETF by 5,379.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,257,785 shares of the company’s stock valued at $87,718,000 after acquiring an additional 1,234,832 shares during the last quarter. Orion Porfolio Solutions LLC boosted its holdings in iShares Exponential Technologies ETF by 683.4% in the second quarter. Orion Porfolio Solutions LLC now owns 824,495 shares of the company’s stock valued at $53,798,000 after acquiring an additional 719,245 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in iShares Exponential Technologies ETF by 143.6% in the second quarter. Ameriprise Financial Inc. now owns 641,593 shares of the company’s stock valued at $41,912,000 after acquiring an additional 378,264 shares during the last quarter. Finally, Jane Street Group LLC boosted its holdings in shares of iShares Exponential Technologies ETF by 946.8% during the 1st quarter. Jane Street Group LLC now owns 160,177 shares of the company’s stock worth $9,220,000 after buying an additional 144,876 shares in the last quarter.

iShares Exponential Technologies ETF Company Profile

The iShares Exponential Technologies ETF (XT) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an equal-weighted index that provides exposure to firms from developed and emerging markets, which create or use exponential technologies as defined by Morningstar. XT was launched on Mar 19, 2015 and is managed by BlackRock.